Walmart Experiences a Spike in Commerce as Consumers Look For Deals

Walmart has profited from its pricing advantage, with prices about 25% lower than traditional supermarkets, according to analysts at Evercore IRI. Groceries make up more than half of Walmart’s revenues. Walmart claims that its increases in the most recent quarter were “primarily driven by upper-income households,” despite the fact that low- and middle-class consumers have […]

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Walmart increasing salary at least a $1 an hour for more than 565,000 store employees

Walmart is raising the compensation for in excess of 565,000 store workers. The world’s biggest retailer declared Thursday that U.S. store laborers in its frontend, food and consumable, and general product workgroups will get no less than a $1 an hour raise. The increment comes full circle Sept. 25, Walmart U.S. president and CEO John […]

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